This is part one in a series of posts where I gather resources on Topics you may have Missed Out on while growing up.
Unless you grew up in a household that participated in “investing”, you may not know what it’s all about or how it’s done. It probably looks complicated, difficult, and unreachable – especially if things like investment minimums are personal stumbling blocks. Here I’ve rounded up a series of resources to help you learn how to do it.
From Reddit’s r/PersonalFinance:
Reddit has an awesome subreddit all about Personal Finance. Below are some recent (as of this post’s publication date) threads from the PF subreddit on the topic of investing.
- r/PersonalFinance Wiki page on Investing
- I’m saving $25 a week for my baby girl until she turns 18. How can I best invest this money to maximize it for her?
- 11 years old, 350 saved. He wants to invest it. Help!
- I’m young and everyone tells me to invest now. I know absolutely nothing and it stresses me out, is it worth it to learn?
- Three Fund (Lazy) Portfolio: What Funds 2018/2019? (note: this one has a lot of alphabet soup going on, but if you are willing to do a lot of Googling, is likely a good source of strategy advice)
Head on down to your local library for these. If you find one particularly useful and find yourself making return trips to re-read or check it out, that’s when you should think about buying your own copy.
- The Little Book that Still Beats The Market, Joel Greenblatt
- One Hour Investor: The Beginner’s Guide to Investing in the Stock Market, Russell Ellroy
- The Intelligent Investor, Benjamin Graham, Jason Zweig (Contributor), Warren Buffett (Contributor)
Blogs and Podcasts
Listen up! Here is a small collection of blogs and podcasts focusing on beginner investing and investing when you’re starting with very little.
- Where to Start Investing when You’re Broke and The High Cost of Not Investing Now at StefanieOConnell.com
- Investing for Dummies at Good Financial Cents
- How to Start Investing After College at The College Investor (also available: posts tailored to high school age and the over 30 crowd)
- I want to Invest. How should I start? podcast from NerdWallet
- How to Turn Your Kids Into Stock Investors at The Motley Fool (podcast with transcript)
Wrap it up!
While you were out learning about investing, did you find something awesome that other newbies would find helpful? Share it in the comments and if it is indeed a goodie, I’ll add it to the list and give you credit for finding it!